CESAR CERNUDA - 15 May 2025 Form 4 Insider Report for NetApp, Inc. (NTAP)

Role
President
Signature
/s/ Bryan Tham, Attorney-in-Fact for Cesar Cernuda
Issuer symbol
NTAP
Transactions as of
15 May 2025
Net transactions value
-$504,291
Form type
4
Filing time
19 May 2025, 16:30:15 UTC
Previous filing
31 Mar 2025
Next filing
20 May 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
CERNUDA CESAR President 3060 OLSEN DRIVE, SAN JOSE /s/ Bryan Tham, Attorney-in-Fact for Cesar Cernuda 19 May 2025 0001817313

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTAP Common Shares Options Exercise +10,750 +90% 22,678 15 May 2025 Direct F1
transaction NTAP Common Shares Tax liability $504,291 -5,052 -22% $99.82 17,626 15 May 2025 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NTAP Restricted Stock Unit Options Exercise -2,232 -100% 0 15 May 2025 Common Shares 2,232 Direct F1, F2
transaction NTAP Restricted Stock Unit Options Exercise -1,964 -20% 7,856 15 May 2025 Common Shares 1,964 Direct F1, F3
transaction NTAP Restricted Stock Unit Options Exercise -1,756 -11% 14,051 15 May 2025 Common Shares 1,756 Direct F1, F4
transaction NTAP Restricted Stock Unit Options Exercise -4,798 -25% 14,395 15 May 2025 Common Shares 4,798 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 On July 1, 2021, the reporting person was granted 35,700 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2022 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.
F3 On July 1, 2022, the reporting person was granted 31,422 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2023 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.
F4 On July 13, 2023, the reporting person was granted 28,101 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2024 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.
F5 On July 1, 2024, the reporting person was granted 19,193 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2025 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.